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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Garden apartment buildings
531 Gay St 304 Knoxville, TN 37902-1512
Individually Owned
4-yr Hold
Property ID
US80-3174192
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1900
Construction
FRAME
Total area
1,005 SF
APN
094LE01900F
UPID
US80-3174192
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Lake Homes Realty - East Tennessee Real Estate Agency
-
The Vault Bar & Pub
-
Vida Restaurant
-
Davidson William A Law Firm
-
The Holston Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$540k
Owner & transaction history
Amir Boghani · 4 yrs held
Amir Boghani
since 2021
Last sale
$615,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Knoxville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Knoxville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$480,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $615k (Mar 17 2025)
Last sale anchor
$615k
Mar 17 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$537 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,102
Tax year 2023
Assessed value
$101,775
Assessed 2023
Previous assessed
$101,775
+0.0% YoY
Effective rate
4.03%
On assessed value
Land market value
$99,500
Improvement market value
$307,600
Total market value
$407,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
1,005 SF
APN
094LE01900F
UPID
US80-3174192
Jurisdiction
KNOX
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Current owner
From public records · entity-resolved
Amir Boghani
Individual
Mailing address
2201 GREENWICH LN, KNOXVILLE, TN 37932-1447
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$429,500
Amir Boghani
Jeffrey R Hall
Warranty Deed
$343,600 · First Volunteer Bank
Apr 21, 2017
$272,000
Jeffrey R Hall
Smith,kelly A & Kimberly R
Warranty Deed
—
Apr 17, 2017
$240,100
Kelly A Smith
Lyons,laura K
Warranty Deed
—
Jul 25, 2014
$250,000
Laura K Lyons
Grommersch Living Trust
Grant Deed
related
$150,000 · Mortgage Invtrs
Feb 13, 2013
$232,000
Grommersch Living Trust
Shelton,jerry G & Millicent M
Warranty Deed
—
Dec 15, 2009
$235,000
Jerry G Shelton
Jeffrey I Nash
Warranty Deed
$223,250 · Wells Fargo Bank NA
Aug 1, 2008
$215,000
Jeffrey I Nash
Hnb Development LLC
Warranty Deed
$193,500 · Wells Fargo Bank NA
—
—
Jeffrey R Hall
—
Deed Of Trust
related
$224,000 · Home Fed'l Bk/tn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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